Mason City, IA has a median housing value of $137,100, which is significantly lower than the national median housing value of $338,100. Despite this disparity, Mason City's housing market is still booming; homes have appreciated in value at an impressive rate of 11.88% over the last year, far exceeding the national 1 year appreciation rate of 8.27%. This indicates that Mason City is a great place to invest in real estate and is becoming increasingly attractive as potential homeowners look for affordable and desirable places to buy.
The median home cost in Mason City is $137,100. Home appreciation the last 10 years has been 64.8%. Home Appreciation in Mason City is up 15.9%.
Average Age of Homes
- The median age of Mason City real estate is 61 years old
The Rental Market in Mason City
- Renters make up 32.1% of the Mason City population
- 1.1% of houses and apartments in Mason City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.